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Thanks to all of you who attended the Seeka Growers Annual Meeting last week; there was a tremendous turnout. We all were completely taken with the guest speaker, Liam Malone. Liam, who won a gold and silver as a sprinter at the last Para-Olympics talked about his life experiences and the challenges growing up as a double amputee. How he had battled with depression, to turn his life around and excel academically as an athlete and as a person. His goal is now to run faster than Ussain Bolt, which would make him the fastest running man on the planet. He is truly inspirational; he gave a great presentation and answered a lot of questions from the floor. It was a great night. Thank you for attending and we were all humbled by Liam.
From a kiwifruit perspective we are progressing well through the season and fruit loss is remarkably low. SunGold is fully loaded out, the fruit loss statistics are low, and pleasingly Seeka has carried more of the late season supply to China. The china supply requires more rework and incurs higher fruit loss, but this is compensated in the time related earnings. Hayward organic is approaching final orders with 12,789 trays in store and 4,159 on order. The Hayward conventional is closing in on week 40 when we expect to have fewer than 1m trays in store. Fruit loss is low – remarkably low. And the offshore fruit quality is excellent.
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INVENTORY PERFORMANCE AS AT 31/7
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HAYWARD CONVENTIONAL
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HAYWARD ORGANIC
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SWEETGREEN G14
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SUNGOLD G3
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SUNGOLD ORGANIC
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TOTAL
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Packed |
14,799,410 |
687,406 |
90,038 |
8,542,692 |
116,757 |
24,236,303 |
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Shipped |
13,604,125 |
672,727 |
89,778 |
8,471,076 |
112,929 |
22,950,635 |
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Instore |
1,131,211 |
12,789 |
- |
- |
- |
1,144,000 |
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On Order |
346,821 |
4,159 |
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|
|
350,980 |
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Lost - TE |
64,074 |
1,890 |
260 |
71,616 |
3,828 |
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Lost % |
0.43% |
0.27% |
0.29% |
0.73% |
3.19% |
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Industry Lost % |
0.49% |
0.64% |
0.23% |
0.71% |
% |
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Estimate time $ |
$3,343,225 |
$165,508 |
-$3,905 |
$1,539,159 |
$20,935 |
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per tray |
$ 0.226 |
$ 0.241 |
-$0.043 |
$0.180 |
$0.179 |
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2018 Season
Discussions have started with Zespri regarding the supply terms for the 2018 season. Seeka will be raising for discussion the relationships between the kiwistart, time and taste incentives. Seeka wants to make sure that each of these incentives is adequate and the relationship between the incentives sensible. Are growers who store their fruit late adequately rewarded for the risk they take in doing so? The current system of gearing the time related income from previous good years seemingly just sets up these growers for when we do not. We need to make sure that the compensation mechanisms fairly reward risk with return.
Calling all flowers!
The SunGold bud break looks absolutely fantastic and there is going to need to be a lot of work to ensure we get clearance, size profile and dry matter at harvest. There is a long way to go and seemingly a lot of work.
While it is only early for Hayward the early break looks very promising with a reasonably consistent bud break. If we can carry this potential crop through to harvest we could be in for a bumper year in 2018.
Seeka is starting the pollen season with a very low pollen inventory reflecting poor male flowering last year; we have less in our bank than we ideally want for all our growers noting that all growers including Hayward conventional, organic and SunGold growers benefit from the pollen bank. We really need as much Hayward male flowers as possible. We have revised our commercial mechanisms and will pay leading returns to growers to make Hayward flowers available, but we will ask you to make a small percentage of the pollen from your flowers available for the pollen bank for the benefit of those growers who need it. We will shortly be in contact with you to discuss these commercials.
Kind regards
Michael
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